Musk denies $800 billion SpaceX valuation reports

Dec 6 (Reuters) – Elon Musk ​on Saturday ‌dismissed media reports that ‌SpaceX is raising funds at an $800 ⁠billion valuation, ‌calling them inaccurate.

“SpaceX has ‍been cash flow positive for many ​years and ‌does periodic stock buybacks twice a year to provide ⁠liquidity for ​employees and ​investors,” Musk said in a ‍post ⁠on X.

(Reporting by Devika ⁠Nair in Bengaluru; ‌editing by Diane ‌Craft)